Daily | South Korea blocks 14 crypto exchange apps including KuCoin and MEXC; MANTRA says it will release OM fluctuation event analysis report and token repurchase and supply destruction plan
Reprinted from chaincatcher
04/15/2025·7DCompiled by: Jerry, ChainCatcher
Important information:
- On-chain contract platform KiloEx was stolen and lost approximately US$7.4 million in assets
- South Korea blocks 14 undeclared crypto exchange apps including KuCoin and MEXC
- SEC postpones physical transaction resolution for WisdomTree and VanEck with spot Bitcoin and Ethereum ETF to June 3
- EigenLayer will be launched on the main network on April 17
- Solana has implemented SIMD-0207, with block restrictions increased by 4%
- WCT Token Economics: The total amount is 1 billion, and the initial circulating supply accounts for 18.62%
- MANTRA: Will release OM fluctuation event analysis report and token repurchase and supply destruction plan
“What important events have happened in the past 24 hours”
On-chain contract platform KiloEx was stolen and lost approximately US$7.4 million in assets
Data shows that the on-chain contract platform KiloEx address was stolen, with a loss of approximately US$7.4 million, involving multiple on-chain assets such as BNB and Base.
South Korea blocks 14 undeclared crypto exchange apps including KuCoin and MEXC
According to Coindesk, the South Korean Financial Intelligence Unit (FIU) said it has asked Apple to block 14 overseas applications that have not declared virtual asset operators, including KuCoin and MEXC, and its app has been blocked since April 11.
The statement pointed out: "Undeclared business behavior will face criminal penalties." FIU has continued to lock in undeclared overseas operators, and also blocked access through Internet websites. FIU emphasized: "In the future, we will continue to block such apps and websites in consultation with relevant institutions to prevent money laundering risks and user losses."
According to The Defiant, the U.S. Securities and Exchange Commission (SEC) has postponed its physical subscription and redemption resolution on spot Bitcoin and Ethereum ETFs for WisdomTree and VanEck until June 3, 2025. Physical transactions involve direct exchange of underlying assets such as Bitcoin and Ethereum, not cash. New York Stock Exchange Arca and Cboe BZX are exchanges related to these proposals.
EigenLayer will be launched on the main network on April 17
According to official news, Ethereum re-staking protocol EigenLayer announced that the Slashing mechanism will be launched on the main network on April 17. The Active Verification Service (AVS) will be able to build verifiable and trustless applications; at the same time, operators and stakeholders need to bear responsibilities. Fines are a way for PoS protocol economy to punish a node or group of nodes for executing strategies that can prove different from a given protocol specification.
Solana has implemented SIMD-0207, with block restrictions increased by 4%
According to SolanaFloor, with the implementation of SIMD-0207, Solana engineers increased the block size of the chain by 4%. This change allows more data to be packaged into Solana blocks, which theoretically can package more transactions into a single block, thereby increasing the transaction throughput of the network. Originally proposed by Anza engineer Andrew Fitzgerald, SIMD-0207 has been successfully implemented on-chain, increasing Solana's block limit to 50 million CUs, an increase of 4%.
Increasing block limits to the network is just a small step on Solana's expansion roadmap. Future network governance proposals and upgrades will target continuous and gradual improvements to help Solana grow. For example, SIMD-0256 intends to further increase the block limit to 60 million CUs, a 25% increase from the level before SIMD-0207 implementation.
According to Binance announcement, WalletConnect (WCT) will be launched on Binance at 19:00 today. The economics of its tokens are as follows:
The total volume is 1 billion, and the Binance Launchpool token reward is: 40,000,000 WCT (accounting for 4% of the total token supply); the initial circulation supply of Binance online accounts for 18.62%.
MANTRA JP Mullin posted on social platforms that it will release a post-event analysis report within the next 24 hours, detailing the events that have occurred since the early hours of Monday (Asia-Pacific) and will be verified in on-chain and off-chain data.
After the report on this matter is released, it will share more information about the OM token repurchase program and the OM supply destruction program to rebuild market trust and demonstrate its long-term commitment to OM /MANTRA.
“What are some great articles worth reading in the past 24 hours”
Pivot: Why is crypto market financing underperforming?
The data in this article comes from RootData financing database and public market information sorted. Combined with institutional investment dynamics, it tries to restore the true appearance of the crypto financing market in the first quarter of 2025.
The focus of this conversation is OKX's "breaking the deadlock" as a global leading exchange.
This interview will conduct in-depth discussions on BNB Chain's ecological construction, growth strategies, Meme ecological support plan and future plans.
Since its launch in early 2025, Metya has exceeded 1.9 million registered users, and the global community has expanded rapidly. $MET tokens have been listed on many mainstream platforms, and operation nodes in multiple regions have been implemented one after another.
The actual losses of this attack are almost the same as its current market value.
Covering altcoins, meme coins and even NFTs. Funds with crypto assets such as Litecoin, XRP, Solana, Dogecoin, etc. may appear this year and next year, which will significantly expand the influence of crypto assets in the traditional market.
Vitalik: How are AI and encryption changing privacy?
Supporting everyone’s privacy and making the necessary tools open source, universal, reliable and secure is one of the important challenges of our time.
Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of April 15, 19:50:
The top five popular Ethereum tokens in the past 24h are: TKX, BUNNIES , SPX, $GHOST, MTHA
The top five popular tokens in the past 24h are: PIPE, CYCL, FRENS , COINCOIN, PFM
The top five popular tokens in the past 24h Base are: degeninme, VIRTUAL, SKITTEN, GRK, SKINME
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